ITEM:

CONSENT CALENDAR

 

11.

RECEIVE AND FILE FIRST QUARTER FINANCIAL ACTIVITY REPORT FOR FISCAL YEAR 2017-2018

 

Meeting Date:

December 11, 2017

Budgeted:

N/A

 

From:

David J. Stoldt,

Program/

N/A

 

General Manager

Line Item No.:

 

 

Prepared By:

Suresh Prasad

Cost Estimate:

N/A

 

General Counsel Review:N/A

Committee Recommendation: The Administrative Committee reviewed this item on December 5, 2017 and recommended approval.

CEQA Compliance:This action does not constitute a project as defined by the California Environmental Quality Act Guidelines Section 15378.

 

SUMMARY:The first quarter of Fiscal Year (FY) 2017-2018 came to a conclusion on September 30, 2017.Table comparing budgeted and actual year-to-date revenues and expenditures for the period are included as Exhibit 11-A.Exhibits 11-B and 11-C presents the same information in bar graph format.The following comments summarize District staff's observations:

 

REVENUES

 

The revenue table compares amounts received through the first quarter of FY 2017-2018 to the amounts budgeted for that same time period.Total revenues collected were $838,273, or 25.7% of the budgeted amount of $3,260,200.Variances within the individual revenue categories are described below:

 


 

EXPENDITURES

 

Expenditure activity as depicted on the expenditure table is similar to patterns seen in past fiscal years.Total expenditures of $1,899,517 were about 58.3% of the budgeted amount of $3,260,200 for the period.Variances within the individual expenditure categories are described below:

 

 

EXHIBITS

11-A††† Revenue and Expenditure Table

11-B††† Revenue Graph

11-C††† Expenditure Graph

 

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